Why am I bullish on prime London property? Well there are a number of factors, but, put simply, there is still an awful lot of money targeted at our small island and at London in particular.
When the commentary becomes relentlessly bullish and you hear the words “It’s different this time” or the more pompous “It’s a new paradigm” then it will be time to head for the exits or reduce debt. In the meantime, the wall of worry is distinctly good news.
Fears of interest rate rises, increased taxation on London property, stock market jitters in most jurisdictions, Jeremy Corbyn, house price to earnings’ ratios et al have many people sitting on the side lines.
If there is a Grexit then London prices are likely to rise as the safe haven status of London property (not to mention job opportunities) will continue to drive people in our direction.
